Don't mix insurance with investment. Insurance strictly for protection and investment better let finance institution or banker.

Medical protection must review every 4-6 years to get more comprehensive coverage.

Having company insurance is great. If company medical protection over the limit, who going to settle the bill?

Nobody can predict when they will using the card, and nobody won't get sick once only in their lifespan. It might come early or late or might not come ever. That's why insurance come in.

My advise is surrender if you don't have much money to waste. Surrender if you can find somewhere else can give you better return. Get a new one if you find you might use it before your retirement or no longer attached to existing company or being fired. Company insurance will never enough as most company getting it is dealing with income tax rebate.

I using rm100 great protect link as well.

Just slash this to min rm100/month premium with 10k life and rm100 medical card for backup.

additional purchase allianz medical card more affordable

care to share on your allianz medical card? premium, whole life limit, annual limit?

The annual limit is a bit too low. The lifetime limit is a bit like a gimmick to give you illusion of huge coverage when the possibility of one claiming that much is speculative at best.

I suggest you revise your medical card to reflect your current financial standing and circumstances. Don't overinsure nor underinsure yourself. The premium varies depending on your age, health condition and work type.

RM150 for room & board and 50K annual limit seem very small to reflect current medical inflation and charges.

You should speak to GE agent to revise.

Best of luck.

u mean revise the current card to accommodate a higher room n board and annual limit?  so dont have to cancel it and get another?

will try to look for my ex agent ...been years ....

Even though the card is from GE and not Prudential, I do not encourage you to cancel.

If the old card is not able to be upgraded then you can add on by buying another medical card. If at all possible, never cancel a medical card to get a new one.

1. Older cards have better terms, for example older cards covers for cancer and kidney dialysis 1. Take home drugs, 2. Long term meds, 3. consultation charges (you may want to recheck on this to clarify)

2. There is much lesser EXCLUSIONS from the old card vs the new one. For example older medical cards covers implants. Pacemaker costs RM45K and newer medical cards even though gives you Unlimited bla bla bla, does not cover this!

3. Since the policy is from 2002, the agents do not earn any commission, and the premium allocation rate is now 100% into buying you units in order to generate cash values.

Your best bet now would be to go to GE or call their customer hotline for whether you are able to upgrade but at the same time maintaining the old terms and conditions.

Do note when it comes to upgrading, your policy no is being retained.

Only when the upgrading fails, you can start to search for additional medical card.

thank you. really a clear explanation. 
on the upgrading part, just afraid they will cancel this card and give another or perhaps not ...

as for prudential, what is the recommended medical card and coverage?

50k?

mine is as below

out patient cancer treatment rm15k only
out patient kidney dialysis    rm15k
emergency accident out patient rm3k
room n board rm150
overal lifetime limit rm150k
looks pretty low ...too low

thank you. really a clear explanation. 
on the upgrading part, just afraid they will cancel this card and give another or perhaps not ...

as for prudential, what is the recommended medical card and coverage? i need to get one for my wife too even though she is fully covered under co insurance. she does not have her own medical coverage.

Yes, be wary of unscrupulous agents who are out there just for the commission.

Suppose your current policy costs Rm150 per month and upgrading it to a more current one costs an additional of Rm 100, the agent only earns Rm100 block of business.

However, if he/she were to somehow cancel the old card and get a new one, he or she earns Rm250 pm block of business, while your policy cash values will start from 40% (depending on the allocation rate).

Not to mention the waiting period of 120 days for specified illness starts all over again for a new policy.

With all due respect, go talk to GE agent or counter on the upgrading and if that fails, only start looking for alternatives.

If not mistaken, (Correct me if I am wrong) older policies from GE has limit on Cancer treatment and kidney dialysis (< Rm50k?)

If your agent is still servicing you and you are happy with his service, it's always recommended to upgrade from your previous policy. Else you can pm me as I'm from Great eastern, I can help you for your policy upgrade without charges in your previous policy.

Apart from your annual limit, it's recommended for you to upgrade your medical card due to the your IL Health Protector have Cancer and Kidney Dialysis limitation of RM15,000 yearly. This is definitely the weak point in previous medical card as nowadays Kidney Dialysis could easily reach RM30,000 yearly nowadays, not to mention 20 years down the road. The new GE medical card has no additional limitation on Kidney Dialysis and Cancer Chemotherapy.

It's recommended you to upgrade from the same company to preserve your waiting period. You have been owning your card for several years, when unfortunate happens, you wouldn't want the company to investigate the cause of your illness wouldn't you? By upgrading from the same company, your future claim will be smooth as you have been holding the card for a long period. Else, there might be a possibility of claim decline if you make claim from other company's new medical card within first few years.
I suppose Prudential is unable to upgrade medical from existing policy but have to bought a new one if you would like to upgrade to a superior packag? I have once called over to Prudential Careline and this is the answer I got. This is because one of my client in Prudential has been told by the agent to buy a new policy in order to upgrade the medical card. Hope to get the clarification from you.

If your agent is still servicing you and you are happy with his service, it's always recommended to upgrade from your previous policy. Else you can pm me as I'm from Great eastern, I can help you for your policy upgrade without charges in your previous policy.

Apart from your annual limit, it's recommended for you to upgrade your medical card due to the your IL Health Protector have Cancer and Kidney Dialysis limitation of RM15,000 yearly. This is definitely the weak point in previous medical card as nowadays Kidney Dialysis could easily reach RM30,000 yearly nowadays, not to mention 20 years down the road. The new GE medical card has no additional limitation on Kidney Dialysis and Cancer Chemotherapy.

It's recommended you to upgrade from the same company to preserve your waiting period. You have been owning your card for several years, when unfortunate happens, you wouldn't want the company to investigate the cause of your illness wouldn't you? By upgrading from the same company, your future claim will be smooth as you have been holding the card for a long period. Else, there might be a possibility of claim decline if you make claim from other company's new medical card within first few years.
I suppose Prudential is unable to upgrade medical from existing policy but have to bought a new one if you would like to upgrade to a superior packag? I have once called over to Prudential Careline and this is the answer I got. This is because one of my client in Prudential has been told by the agent to buy a new policy in order to upgrade the medical card. Hope to get the clarification from you.

so what is your recommendation? what figure am i looking into $$$? currently paying rm1500 per yr for the "as stated benefits earlier".

It depends on whether there had been prior claims and whether the client is being offered for upgrading (due to exclusions of the policy). Best to get the customer to call to customer service to inquire on whether he/she is eligible for the upgrade.

He is healthy and no prior claims. He called to Prudential Careline and the operator told him, he is not able to upgrade medical card to better plan but able to upgrade to same room&board. I'm puzzle for this issue as well because i'm not sure how Prudential actually works.

He isn't sure whether he is being offered by Prudential for upgrade(as he is not getting any letter/call from Prudential to upgrade). But he is currently offering Prudential to upgrade his policy by calling to Customer Service but is told to get a new policy.

Is there really exist such issue? If yes, then how do the client upgrade it without buying a new policy?

If he is able to be upgraded to the same room and board, that means there is something in the policy that prevents him from upgrading higher, be it a minor claim or it comes with some small exclusion.

Only the agent or the client himself is able to check such details.

My medical card with investment plan by great eastern was taken way back at 2005  (it was actually upgraded from another older plan i took from 2002 without investment)

Plan name : Great Life Portfolio insurance (Great Protect Link Insurance)

Death : rm50K + total investment value
Room & Board rm150 per day
The problem is the annual limit is only rm50K, and the lifetime whole limit is rm 150K
Those days this was good enough but nowadays....
Is it better to cancel and get a newer card/plan or can we upgrade this card?

I am paying rm1500 per year for this.

I would not be using this card until after retirement as i am fully covered by company insurance. i am only concerned after retirement. Or is it better to just grab a plan after retirement since i already have company coverage?
All my other plans with Great Eastern are from year 2002 with pretty low coverage

Other plans (Life 87) and Supreme living care series 2.

Concern is only on health benefits and any critical illness.

is it not a waste to surrender? since it is already going for 8 years.

i just looked at my statement. this r the details
Current investment value: RM7500

Coverage:                    Amount of Benefits

Great protectlink insurance  50,000
waiver of premium DD        1500
waiver of premium tpd        1500
great income rider              120,000
Il health protector              150

So i have been paying rm1500 per yr since 2005... if surrender i will get back the rm7500 rite?
(1500x8yrs) 12,000 paid minus rm7500 cash value = 4500 burnt

I dont mind to surrender the policy as long as there are better plans out there.... how ever if i just continue to keep this card, and have another policy since i want more protection in terms of higher whole life limit and annual limit,  is it worth to do so?

Check on your chart that which year you are getting total premium paid = non guaranteed cash value (the lowest return). Then check on the cash value at that N year, ask yourself a question, is it worth it on that N year holding such plan down the road compare with the medical cost at 2013.

Try think a bigger picture. Most people out there is a big burden for them for personal insurance package as this cost you a lifetime period compare to house and vehicle loan. Whoever who is under employment, will have less saving due to monthly commitment and inflation.

If you wanta have financial freedom, 1st thing that can do is minimize your commitment and expenses, then you can go to saving and investment. When you try to achieve financial freedom, make sure your protection is sufficient enough not to jeopardize your saving. I don't know your financial background but I hope you can situated yourself in a better position rather than struggling to get yourself protected.

Actually with RM1,500/yr or less can get at least 7 times better protection than your existing one. Where is your point of value?

I won't recommend upgrade as it might end up you are paying minimum of rm200-rm300 per month for the so-so protection.

When come to insurance, do not think of your return. My personal view still the same, insurance is protection and not return. Never think of having a protection with return. This is the wrong concept of finance. I would say is a marketing stretegy which divert attention of you. Across my life, I never met anyone who is happy with ILP product up till today but vise versa. Of course this is strictly my personal view.

Before you make any decision, don't restricted yourself from some comments to explore more options out there. Try get more quotation from any insurance company out there regardless their company brand will help you have a bigger picture and understanding. Even there is some can assist you get free life/36/PA and medical protection.

If you decided to switch, make sure you only surrender after you receiving your protection and after the waiting period. Some provide 30 days waiting period and some 120 days.

If you don't understand or not so clear of what I am trying to say, do pm me for more clarification.

so what you are saying is terminate my current medical card? if i terminate, i believe i will get back rm7500 out of the 12k paid...

and get a better newer medical card?

Check on your chart that which year you are getting total premium paid = non guaranteed cash value (the lowest return). Then check on the cash value at thaoft N year, ask yourself a question, is it worth it on that N year holding such plan down the road compare with the medical cost at 2013.

Try think a bigger picture. Most people out there is a big burden for them for personal insurance package as this cost you a lifetime period compare to house and vehicle loan. Whoever who is under employment, will have less saving due to monthly commitment and inflation.

If you wanta have financial freedom, 1st thing that can do is minimize your commitment and expenses, then you can go to saving and investment. When you try to achieve financial freedom, make sure your protection is sufficient enough not to jeopardize your saving. I don't know your financial background but I hope you can situated yourself in a better position rather than struggling to get yourself protected.

Actually with RM1,500/yr or less can get at least 7 times better protection than your existing one. Where is your point of value?

I won't recommend upgrade as it might end up you are paying minimum of rm200-rm300 per month for the so-so protection.

When come to insurance, do not think of your return. My personal view still the same, insurance is protection and not return. Never think of having a protection with return. This is the wrong concept of finance. I would say is a marketing stretegy which divert attention of you. Across my life, I never met anyone who is happy with ILP product up till today but vise versa. Of course this is strictly my personal view.

Before you make any decision, don't restricted yourself from some comments to explore more options out there. Try get more quotation from any insurance company out there regardless their company brand will help you have a bigger picture and understanding. Even there is some can assist you get free life/36/PA and medical protection.

If you decided to switch, make sure you only surrender after you receiving your protection and after the waiting period. Some provide 30 days waiting period and some 120 days.

If you don't understand or not so clear of what I am trying to say, do pm me for more clarification.

Check on your chart that which year you are getting total premium paid = non guaranteed cash value (the lowest return). Then check on the cash value at that N year, ask yourself a question, is it worth it on that N year holding such plan down the road compare with the medical cost at 2013.

Try think a bigger picture. Most people out there is a big burden for them for personal insurance package as this cost you a lifetime period compare to house and vehicle loan. Whoever who is under employment, will have less saving due to monthly commitment and inflation.

If you wanta have financial freedom, 1st thing that can do is minimize your commitment and expenses, then you can go to saving and investment. When you try to achieve financial freedom, make sure your protection is sufficient enough not to jeopardize your saving. I don't know your financial background but I hope you can situated yourself in a better position rather than struggling to get yourself protected.

Actually with RM1,500/yr or less can get at least 7 times better protection than your existing one. Where is your point of value?

I won't recommend upgrade as it might end up you are paying minimum of rm200-rm300 per month for the so-so protection.

When come to insurance, do not think of your return. My personal view still the same, insurance is protection and not return. Never think of having a protection with return. This is the wrong concept of finance. I would say is a marketing stretegy which divert attention of you. Across my life, I never met anyone who is happy with ILP product up till today but vise versa. Of course this is strictly my personal view.

Before you make any decision, don't restricted yourself from some comments to explore more options out there. Try get more quotation from any insurance company out there regardless their company brand will help you have a bigger picture and understanding. Even there is some can assist you get free life/36/PA and medical protection.

If you decided to switch, make sure you only surrender after you receiving your protection and after the waiting period. Some provide 30 days waiting period and some 120 days.

If you don't understand or not so clear of what I am trying to say, do pm me for more clarification.

What if in ILP we withdraw some portion of the units  and invest in Unit Trust?

Agree on the part where insurance mainly is for protection. Do not think of any return because most of the cash value will be used to pay for higher insurance charges in the future due to increase in age.

Of course traditional plan is way cheaper but don't forget the insurance charges can go up to 10k when you are lots older. Still some find ilp a safer alternative by using the cash value invested. But of course we can't predict what's gonna happen in the future.

What if in ILP we withdraw some portion of the units  and invest in Unit Trust?

care to share on your allianz medical card? premium, whole life limit, annual limit?

You can refer to my signature as below. 

Please PM me for more info.

Thanks

hi
thanks
the overall lifetime limit is freaking high  compared to my current great eastern plan. feel like want to cancel it.

anyway will decide all end of this year as will be only free that time

will need restructure all my insurance plan.

is it not a waste to surrender? since it is already going for 8 years.

i just looked at my statement. this r the details
Current investment value: RM7500

Coverage:                    Amount of Benefits

Great protectlink insurance  50,000
waiver of premium DD        1500
waiver of premium tpd        1500
great income rider              120,000
Il health protector              150

So i have been paying rm1500 per yr since 2005... if surrender i will get back the rm7500 rite?
(1500x8yrs) 12,000 paid minus rm7500 cash value = 4500 burnt

I dont mind to surrender the policy as long as there are better plans out there.... how ever if i just continue to keep this card, and have another policy since i want more protection in terms of higher whole life limit and annual limit,  is it worth to do so?